Cannae Holdings Q2 2024 GAAP EPS $(2.49) Misses $(0.17) Estimate, Sales $118.000M Beat $112.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cannae Holdings (NYSE:CNNE) reported Q2 2024 GAAP EPS of $(2.49), significantly missing the $(0.17) estimate. However, sales of $118 million beat the $112 million estimate, despite a 22.77% decrease from the same period last year.
August 08, 2024 | 9:43 pm
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Cannae Holdings reported a significant EPS miss for Q2 2024, with a loss of $(2.49) per share against an estimate of $(0.17). However, sales of $118 million exceeded expectations of $112 million, despite a 22.77% year-over-year decline.
The significant EPS miss is likely to negatively impact CNNE's stock price in the short term, despite the sales beat. The year-over-year sales decline further adds to the negative sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100